Golden State Opportunity Foundation

Analysis

Golden State Opportunity Foundation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Golden State Opportunity Foundation reported income of $7.6m and spending of $8.3m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.0m to $7.6m (+51%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 61%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Golden State Opportunity Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Nutri Meal Resources ($7.6m), Jeanne Jugan Residence of the Little Sisters of the Poor Inc ($7.6m) and The Fortress Project Inc ($7.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $1.2m (15% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $2.1m against liabilities of $136k, net assets of $2.0m. It reported 33 employees.